Tech climbs in mixed markets
Tuesday morning saw stocks in the green, but they ended the day mixed. Tech regained some ground as the Nasdaq added 0.25%. However, the S&P slipped 0.21% with seven of 11 sectors in the red, and the Dow declined 0.42%. The usual suspects of rising interest rates and recessionary fears were the causes. The U.S. 10-year yield continued to march higher, nearly breaking 4%.
Big movers were Tesla up 2.46%, the Bank of America at -1.48%, Mosaic 4.36%, cruise lines Norwegian adding 4.26% and Carnival 3.26% and fast food giants McDonald‘s at -2.9% and Coca-Cola -2.41%. Elsewhere, Bitcoin slipped 0.73% but stayed above $19,000.
The TSX was essentially flat as it shed seven points. Energy, consumer staples and materials rallied while financials and utilities sank. Major gainers included Dye & Durham leaping 17.35% and Vermilion Energy popping 10.15%. Heading south were WSP Global at -3.46%, Corus -3.42% and Boyd Group -3.16%. Lastly, WTI oil rose by 2.39% to around $78.50 a barrel.
🚗 Tesla Motors Inc (TSLA-Q) +2.46%
🏛 Bank of America (BAC-N) -1.48%
💾 Mosaic Company (The) (MOS-N) +4.36%
🚢 Norwegian Cruise Line Holdings (NCLH-N) +4.26%
🚢 Carnival Corp. (CCL-N) +3.26%
🍟 McDonalds (MCD-N) -2.9%
🥤 Coca-Cola Company (KO-N) -2.41%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.73%
💾 Dye & Durham (DND-T) +17.35%
🛢 Vermilion Energy Inc (VET-T) +10.15%
🏛 WSP Global Inc. (WSP-T) -3.46%
📡 Corus Entertainment (B) (CJR.B-T) -3.42%
🛍 Boyd Group Services Inc. (BYD-T) -3.16%
